Biden’s fantasyland Medicare plan would mean even more American life years lostBy Peter J. Pitts and Robert Goldberg
March 7, 2023
President Joe Biden announced a plan Tuesday to keep Medicare solvent by relying on even more aggressive price negotiations with the pharmaceutical industry than Congress has already agreed to.
The president claims it’ll result in $200 billion in savings.
The president is living in fantasyland.
In just a decade, $200 billion? That’s quite a claim considering the nonpartisan Congressional Budget Office has said such negotiations “would have a negligible effect on federal spending.” Talk about playing poker with money you don’t have.
The reality is these negotiations’ main consequence will be the US healthcare system falling further down the slippery slope of federally mandated price controls, restricting patient choice and destroying the research-and-development system that makes America the world leader in medical innovation.
* * *
Source:
https://nypost.com/2023/03/07/bidens-fantasyland-medicare-plan-would-mean-even-more-american-life-years-lost/
